FAIRVIEW COURT - 8 UNITS
Ideal location for CWR students, Cleveland Clinic/University Hospital employes and their visitors.
Marketing description
The Fairview Court opportunity consist of 8 separates units, in two side-by-side buildings connected by a courtyard. Located in the Heart of Famous Little Italy. This location feeds University Circle, home the of the Cleveland Clinic and University Hospitals, Case Western Reserve University (CWR) and Cleveland ‘s popular Arts and Culture District. This offering is rare, and location is in high demand! You will find several large New Development Projects to feed this lease/rental demand. As well, property owners are investing heavily in large scale renovations to maintain the integrity of this 19th Century neighborhood. Quote “One of Cleveland's most enduring ethnic neighborhoods, Little Italy was established in the late 19th century by immigrants largely from Italy's Abruzzi region. Giuseppe Carabelli, an Italian artisan came to Cleveland via New York to open a sculpting and stone masonry business”. A chance to own eight units, fully occupied, producing income and appreciation, in a historic location!
Link: https://littleitalycle.com -Little Italy Cleveland – A Historic Neighborhood Filled with Culture, Art & Cuisine
Link: https://www.universitycircle.org
*The owner will entertain only serious buyers with resources.
Investment highlights
This is a rare find! Eight units, in two buildings located in the heart of Little Italy. The suites occupied by Casen Western students and a large AirBNB business. The property is producing income now and with a little attention, could be improved to market rates. This location provides ownership with capital appreciation and a fine total return asset. Current owner has renovated all but one unit as they became available. Both basements are in good shape, separate meters for gas and electric. Each has its own forced air furnaces, separate hot water tanks and window AC units.
Property is located in the Opportunity Zone.
Please see the investment package under the Due Diligence section to help vet out this offering.
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